What is Service Tax

Service tax is a tax on services provided in India. Service tax is levied under the Finance Act, 1994 on certain services as specified by the Government.

Why Should take Service Tax Registration

Any person who is providing Services of any nature Having a Turnover of More than 10 Lakh should get himself registered

What are Taxable Services

Taxable services are those which are not defined in negative list

Is it Mandatory to take service tax Registration

Service tax registration is a mandatory registration for service providers who have taxable service of value exceeding Rs.9 lakhs, in the previous financial year. Service tax registration facilitates in the identification of assesse, payment of service tax and filing of service tax returns.

I am an Exporter of Service should i apply for service Tax

Service tax registration id Mandatory as and when your turnover increases 9 Lakhs, Though your services are exempt but registration is Mandatory

How long does it take to Register under Service Tax

Service tax registration certificate ST-2 is issued by the Department within a period of seven days from the date of submission of application ST-1 along with all the relevant documents.

What are the penalties for not obtaining Service Tax Registration

Failure of registration may attract a penalty of upto Rs.10,000/- or Rs.200/- for every day during which the failure continues, whichever is higher.

How should you pay service tax

log on to www.aces.gov.in, click on e-payment, Enter your assessee code, select your bank and pay

What is the due date for Payment of Service Tax

Service tax payments must be deposited by Proprietary Firms and Partnership Firms on quarterly basis. Companies, Societies, Trust, etc., are required to make service tax payments on monthly basis.

What is the due date for filing Service Tax returns

Service Tax Return ST-3 must be filed twice in a financial year. Return for half year ending 30th September is to be filed by 25 October half year and 31st March are required to be filed by 25th April.

Is there any exemption from payment of service tax to Diplomatic Missions for official use and individuals and their family members posted in a Diplomatic Mission?

Yes, exemption from payment of service tax relating to all taxable services is available to Diplomatic Missions for official use of services as well as for the personal use or for the use of the family members of diplomatic agents or career consular officers posted in a foreign diplomatic mission or consular post in India, by notifications 33/2007- ST dated 23rd May, 2007 and 34/2007-ST dated 23rd May, 2007 respectively, but subject to procedures specified under those notifications.